William Tingle – Why is it Always a Good Time to Enter the Real Estate Market?

Posted on July 18th, 2011

It may seem a bit disingenuous to say that the real estate market is ideal for entering right now. But when you are thinking about it in a more positive way, you realize that “now” is really the best time you could ever hope for in the world of real estate!

Of course, we’re not talking about the situation around us. Housing sales are down for the most part and a lot of people think we have a long while to go before the market recovers. But “now” doesn’t refer to that. “Now” simply refers to the moment in your life. Real estate can be a long-term investment that yields significant rewards down the road – but you’ll never know that if you don’t get started in it – now.

I just spent 5 days with a student who paid a pretty penny to spend the week learning from me. This is an already established investor that was looking for a few new tricks to gain more traction in his business. We spent the time going over my new strategy I have developed using subject to (sub2 sub 2) that lets me pick up homes all over the country while never leaving my home here in beautiful Belize. My student watched while I received leads from my sources “on the ground” in several cities, got the due dilligence done on these leads, negotiated with banks and closed deals. He now has several new ideas on ways to grow his business and went home a very happy guy. This is the attitude you must take when starting and growing your real estate business. Get in, take action and constantly be learning. Don’t be afraid to fail because failure is a part of the success formula. This mindset will carry you through and virtually guarantee you will succeed.

When you make an investment with fairly predictable returns over the years (the stock market, though volatile, still holds a fairly predictable rate of return over the long haul), you realize that any time in your past would have been a great time to invest your money. This is also true in real estate, the market that holds one of the most valuable commodities we have on our planet: space.

Land, like gold, silver, or diamonds, can be a great investment because it’s limited. Until human beings discover how to land on Mars, we’re going to be stuck on Earth for a while, and that means everyone is looking for space. Land generally goes up over time – so much so that many people simply recommend buying a home simply because it doubles as a place to live and as a long-term investment. Of course there are ebb and flow with real estate as with most any investment but the smart investors know that in the end, the value always increases.

If this makes sense to you, then you’ve probably got what it takes to be a real estate investor. But you can’t only focus on long-term trends; you have to be willing to see short-term opportunities, sales today that could greatly benefit you if you applied yourself to understanding how they worked.

Here’s one thing about real estate many people would like to keep secret: it’s not all that complicated. Sure, there can be a lot of papers to fill out for each transaction and there are a lot of local laws and ordinances to consider in many cases, but once you get involved with real estate, it’s not quite as tricky as you might have thought. Like learning an instrument, it only takes a little perseverance before you’re playing the song you had in your head.

For more information on real estate investing and specifically the subject to, sub2 or sub 2 method of real estate investing, join me, William Tingle, at www.Sub2Deals.com.

Get the best real estate investing information ever written HERE.

William Tingle
www.Sub2Deals.com
www.WilliamTingle.com
(c) 2011 All Rights Reserved

Posted in Willliam Tingle | Tagged as: Carleton Sheets, Carlton Sheets, Financing, Flipping, Flippinghomes, Lease Option, Marketing, Real Estate, Real Estate Investing, Sub 2, Sub2, Sub2deals.com, Subject To, The Real William Tingle, William Tingle | Leave a comment

William Tingle – How to Succeed in Real Estate Without Really Trying

Posted on May 23rd, 2011

Admittedly, the title of this article is a bit of hyperbole: you will have to make attempts – in other words, try – to make it in real estate. Making it in real estate doesn’t mean you can sit at home and collect a rent check – at least not until you’ve done your work and put the time and effort in.

But there is good news: success like that in real estate is not only possible, but it happens all the time. Successful real estate transactions still occur frequently in the United States, even if it seems like a slow house market has brought things down to a crawl. What you’ll have to remember is that a big fall in the overall market never means that your individual prospects have to be hurt. It simply requires a change in strategy.

You want to hear about a change in strategy? Five years ago I was living in the US and buying 2 to 4 houses a month. I lived in a 250k house and had a pretty good lifestyle. I traveled 3 months out of the year and enjoyed life. A divorce and a couple of blood sucking lawyers later I live in Central America in a cheaper but much nicer home and travel to the US a few times a year to pick up properties at prices I never dreamed possible before. I live on less but have much more.

If you want to make it in real estate without really trying, you’ll have to put in a little bit of upfront research and yes, hard work. But as you get better at recognizing the good prospects and learn some great maneuvers for making real estate transactions, you’ll begin to feel as though you possess some sort of “cheat code” for making money in this business.

As someone who has gone from having great credit and tons of advantages in real estate investing to having no credit and few advantages, I can tell you for a fact that changes in your situation do not have to limit your deals or opportunities.

I bought hundreds of houses when I had great credit, most of them sub2 which required none of my credit anyway. Now that my credit is shot (a divorce will do that) I am still able to buy like nothing ever happened. In fact my latest purchase was a 2 unit in New Orleans just last week.

Without any further ado, here are a couple of ways you’ll be able to succeed in real estate just like I do without major, overarching efforts:

Subject To Transactions – a Subject To transaction is a great way to make a real estate purchase or acquisition without investing a lot (or any) upfront money. In a Subject To transaction, you’ll be able to find someone who wants to get out of their mortgage payments and help them out by taking over the payments yourself – while investing a small amount of money for making up back payments or fix-up. This amount is usually less than $2,000 for us. No loan bankers, no real estate agents required – unless of course you need to check the laws in your area governing these types of transactions.

Once you’ve completed a Subject To transaction, you essentially have a new piece of property with very little commitment except the loan payments that had to be made anyway. These can be a little more difficult to find these days with significant equity but they are out there.

Private Money – Making a real estate purchase can be a major pain in the you-know-what if all you do is use your own money. No one wants to get involved in a money pit. But if you can partner up with other investors or use private money from a passive investor, you’ll be able to make transactions that you couldn’t have otherwise made, leveraging yourself further and taking a lot of the burden off of your shoulders.

My first New Orleans purchase (completed just last week) was made with private money. Don’t confuse this with hard money where you pay astronomical fees and points, my private investors lend to me at 5-7% with no points at all. Tired of getting 1% in CDs and savings accounts, these guys are loving the rates of return I can give them and it is all secured by real estate bought at today’s rock bottom prices.

My new double shot gun (how folks in New Orleans refer to a duplex) set me back a whopping 10k. Another 15k in fixup and I will have 25k in it all totaled. Now the best part. This property will rent for $750 a side!

My payment on this property with taxes and insurance is less than $300 a month. This leaves me over 1k a month cash flow on one property!

I gotta tell you, managing just a few properties like this is a heck of a lot easier than managing dozens of them like I did before…….and the best part is…….I make more money!

I may not be “lazy,” but sometimes I definitely feel like it.

Get the best real estate investing information ever written HERE.

William Tingle
www.Sub2Deals.com
www.WilliamTingle.com
(c) 2011 All Rights reserved

Posted in Willliam Tingle | Tagged as: Carleton Sheets, Carlton Sheets, Flipping, Flippinghomes, Marketing, Real Estate, Real Estate Investing, Sub 2, Sub2, Sub2deals.com, Subject To, The Real William Tingle, William Tingle | Leave a comment

Willliam Tingle – Sub2Deals.com – Three Ways Unconventional Thinking Can Earn You Real Estate Returns

Posted on November 11th, 2010

You don’t want to go down the beaten path – if it worked so well, we wouldn’t have the kind of downturns like the one we’ve seen from housing in recent years.

In times like these, a real estate investor can really make some good, bold moves that will put him either in position to win big short term, or win big over the long haul. Whatever your investment strategy, remember it doesn’t take a market upswing to ensure you make a lot of money.

How is this accomplished? Through unconventional thinking. If you follow conventional thinking in the tough times, that means you’re living like everyone else in a slow economy – a little trepidacious, a little hesitant. Being unconventional means thinking outside the box and opening up your mind to alternative ways to earn money through real estate even when the market isn’t hot.

How do you do this? We can recommend three ways:

1. First, try unconventional transactions that make sense when people are looking to sell. One such transaction is a Subject To real estate transaction in which you take over the mortgage payments of another person’s home in exchange for a small up-front purchase. This is a great way to avoid real estate agents and ensure that the money you’re investing goes straight into the property you’re looking to buy. If you can become a master of the Subject To deal, you can really find interesting bargains out there that other people simply don’t see. Be careful with it and you’ll be able to do a lot of investing.

2. You can also try using unconventional thinking to make purchases in neighborhoods some people won’t touch. Remember: just because a neighborhood is going sour doesn’t mean that every property there will see a loss in every transaction. By avoiding the competition, you can really get a leg up on everyone else and find those diamonds in the rough. This can require a lot of experience and know-how, but it’s a great way to blaze your own trail.

3. Combining efforts. A real estate transaction doesn’t have to be between two individuals – pairing up and making purchases with partners can stretch your dollars. As long as you have a good working relationship with these partners and can handle yourself should things get sour, you’ll be able to make transactions individual investors simply can’t make.

What does it take to start thinking unconventionally? If you’re really stuck, try sitting down with a piece of paper and simply write ways you could make smart investments without going down the beaten path. You may end up surprising yourself and coming up with a lot of ideas that sound “unconventional” – but may be downright effective.

Get the best real estate investing information ever written HERE.

Posted in Willliam Tingle | Tagged as: Real Estate, Real Estate Investing, Sub2, Sub2deals.com, Subject To, The Real William Tingle, William Tingle | Leave a comment